On February 21, Gold slightly retreated by 0.03%, closing at $2030.200. This minor dip places Gold just above its pivot point of $2023.361, signaling
On February 21, Gold slightly retreated by 0.03%, closing at $2030.200. This minor dip places Gold just above its pivot point of $2023.361, signaling a bullish undertone.
Resistance levels are poised at $2038.689, $2053.285, and $2065.708, while supports are found at $2013.200, $1999.912, and $1988.187.
The Relative Strength Index (RSI) at 66, combined with a bullish engulfing pattern, and Gold’s breach of the pivot point, highlight a strong buying trend. The 50-day Exponential Moving Average (EMA) stands at $2017.676, further supporting the bullish sentiment.
Given these factors, Gold’s trajectory appears bullish above $2025, with an immediate target at $2038.689, suggesting continued upward momentum.
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